2025 PMI REALISTIC PMI-RMP NEW BRAINDUMPS FREE PASS GUARANTEED

2025 PMI Realistic PMI-RMP New Braindumps Free Pass Guaranteed

2025 PMI Realistic PMI-RMP New Braindumps Free Pass Guaranteed

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In the PDF version, the PMI Risk Management Professional (PMI-RMP) exam questions are printable and portable. You can take these PMI Risk Management Professional (PMI-RMP) pdf dumps anywhere and even take a printout of PMI Risk Management Professional (PMI-RMP) exam questions. The PDF version is mainly composed of real PMI PMI-RMP Exam Dumps. Easy4Engine updates regularly to improve its PMI Risk Management Professional (PMI-RMP) pdf questions and also makes changes when required.

PMI-RMP (PMI Risk Management Professional) exam is a certification exam for professionals who specialize in risk management. PMI-RMP exam is offered by the Project Management Institute (PMI), which is a leading professional association for project management professionals worldwide. The PMI-RMP Certification is designed for professionals who work in project management, particularly in the area of risk management. PMI Risk Management Professional certification is recognized globally and demonstrates the candidate's expertise in risk management.

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PMI Risk Management Professional Sample Questions (Q94-Q99):

NEW QUESTION # 94
Gary is the project manager for his project. He and the project team have completed the qualitative risk analysis process and are about to enter the quantitative risk analysis process when Mary, the project sponsor, wants to know what quantitative risk analysis will review. Which of the following statements best defines what quantitative risk analysis will review?

  • A. The quantitative risk analysis process will analyze the effect of risk events that may substantially impact the project's competing demands.
  • B. The quantitative risk analysis reviews the results of risk identification and prepares the project for risk response management.
  • C. The quantitative risk analysis seeks to determine the true cost of each identified risk event and the probability of each risk event to determine the risk exposure.
  • D. The quantitative risk analysis process will review risk events for their probability and impact on the project objectives.

Answer: A


NEW QUESTION # 95
A risk manager is preparing for the first meeting with their project sponsor on a potential project for a large client. The risk manager reviews their newly developed project risk register to identify any risks that should be analyzed further and begins by prioritizing the probability column based on the following criteria:
1 = Very Low
2 = Low
3 = Medium
4 = High
5 = Very High
What type of risk analysis is the risk manager performing?

  • A. Quantitative risk analysis
  • B. Qualitative risk analysis
  • C. Monte Carlo analysis
  • D. Scenario-based risk analysis

Answer: B


NEW QUESTION # 96
A mobile operator wants to test a new network prototype before conducting full implementation on the entire network. What type of risk response strategy did the mobile operator choose?

  • A. Transfer
  • B. Accept
  • C. Mitigate
  • D. Avoid

Answer: D


NEW QUESTION # 97
During project planning, a risk is identified for which the risk manager has defined a mitigation strategy.
Later during project execution, this risk still leaves substantial residual risk.
What should the risk manager do to handle this situation?

  • A. Activate the contingency plan to handle this risk during execution.
  • B. Ask the project sponsor for more budget to deal with this risk.
  • C. Mark this new risk as an extremely high priority and inform all stakeholders.
  • D. Revisit this risk in the risk register and redefine the mitigation strategy.

Answer: C

Explanation:
If a risk still leaves substantial residual risk after implementing the mitigation strategy, the risk manager should revisit the risk register and redefine the mitigation strategy to reduce the residual risk to an acceptable level.
According to the PMBOK Guide, 6th edition, Chapter 11: Project Risk Management1, an effect of adding the correlation to the Monte Carlo schedule risk analysis model is that it increases the standard deviation of the model. This is because:
* Correlation is the statistical relationship between two or more variables. In a schedule risk analysis, correlation can be used to model the dependency between the durations of different activities. For example, if two activities are positively correlated, it means that if one activity takes longer than expected, the other activity is also likely to take longer than expected. Conversely, if two activities are negatively correlated, it means that if one activity takes longer than expected, the other activity is likely to take shorter than expected.
* A Monte Carlo schedule risk analysis is a simulation technique that uses random values for uncertain variables, such as activity durations, to generate possible outcomes for the project schedule. The simulation is repeated many times to produce a probability distribution of the project completion date and duration. The standard deviation is a measure of the variability or dispersion of the distribution. A higher standard deviation means that the distribution is more spread out and less predictable.
* Adding correlation to the Monte Carlo schedule risk analysis model increases the standard deviation of the model because it introduces more variability and uncertainty to the simulation. Correlated activities can have a cumulative effect on the project schedule, either positively or negatively, depending on the direction and strength of the correlation. This can result in more extreme outcomes for the project completion date and duration, which increase the spread of the distribution and the standard deviation.
References:
* PMBOK Guide, 6th edition, Chapter 11: Project Risk Management1
* Risk Management Professional (PMI-RMP)® Exam Cert Guide2


NEW QUESTION # 98
Mike is the project manager of the NNP Project for his organization. He is working with his project team to plan the risk responses for the NNP Project. Mike would like the project team to work together on establishing risk thresholds in the project. What is the purpose of a risk threshold?

  • A. It is a study of the organization's risk tolerance.
  • B. It is a limit of the funds that can be assigned to risk events.
  • C. It helps to identify those risks for which specific responses are needed.
  • D. It is a warning sign that a risk event is going to happen.

Answer: A


NEW QUESTION # 99
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